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Deposits (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Deposits and Weighted Average Rate on Deposits

Weighted

 

Average

 

December 31, 

December 31, 

Rate

 

    

2023

    

2022

    

2023 (1)

 

Interest-bearing deposits:

 

(Dollars in thousands)

 

  

Certificate of deposit accounts

$

2,311,290

$

1,526,338

 

4.51

%

Savings accounts

 

108,605

 

143,641

 

0.45

Money market accounts

 

1,726,404

 

2,099,776

 

3.91

NOW accounts

 

1,771,164

 

1,746,190

 

3.58

Total interest-bearing deposits

 

5,917,463

 

5,515,945

 

  

Non-interest bearing demand deposits

 

847,416

 

921,238

 

  

Total due to depositors

 

6,764,879

 

6,437,183

 

  

Mortgagors' escrow deposits

 

50,382

 

48,159

 

0.25

Total deposits

$

6,815,261

$

6,485,342

 

  

Schedule of Interest Expense on Deposits

    

2023

    

2022

    

2021

(In thousands)

Certificate of deposit accounts

$

64,844

$

12,547

$

7,340

Savings accounts

 

520

 

211

 

255

Money market accounts

 

58,898

 

19,039

 

7,271

NOW accounts

 

64,191

 

15,353

 

5,453

Total due to depositors

 

188,453

 

47,150

 

20,319

Mortgagors' escrow deposits

 

202

 

135

 

5

Total interest expense on deposits

$

188,655

$

47,285

$

20,324

Schedule of Remaining Maturities of Certificates of Deposit Accounts

    

2023

    

2022

(In thousands)

Within 12 months

$

2,210,586

$

859,546

More than 12 months to 24 months

 

89,816

 

599,809

More than 24 months to 36 months

 

2,115

 

64,353

More than 36 months to 48 months

 

4,733

 

1,025

More than 48 months to 60 months

 

2,898

 

298

More than 60 months

 

1,142

 

1,307

Total certificate of deposit accounts

$

2,311,290

$

1,526,338